Succinct Labs is definitely a leader in the ZK space. Why do I say this? Mainly because it is incredibly impressive and deserves some praise.
Their SP1 zkVM is amazing, bringing the ZK development threshold down to the lowest level—developers can finish applications in just a few days using Rust, without having to struggle with complex mathematics. Moreover, SP1 Hypercube, relying on parallel algorithms and an optimized compiler, has skyrocketed TPS from 15-20 to over 10,000, with latency down to the millisecond level, even running on a Raspberry Pi while maintaining security and decentralization. Google Wallet's ZK age verification (proving you are 18 without revealing identity) is based on their lightweight framework, showing that even Web2 is starting to use their technology.
The funding behind it is impressive, with Paradigm leading a $55 million investment, and heavyweights like Polygon co-founders and early Twitter investors coming to support it, making it a true ZK all-star lineup. The ecosystem is even more robust, with Polygon AggLayer increasing efficiency tenfold after optimization, Mantle Network (with $2.2 billion TVL) transitioning from Optimistic to ZK, and over 35 protocols including World Chain (backed by Sam Altman) joining in, protecting over $4 billion in on-chain assets. $PROVE is even spanning scenarios like Ethereum and Bitcoin bridges, making it a “universal oil” for ZK.
The profit model of $PROVE is also top-notch, not just speculative—real demands like Rollup and cross-chain bridges drive proof generation, and customers are paying with real money. The decentralized Prover network can lower costs continuously, creating a positive cycle of "more nodes joining → cheaper and faster proofs → more projects using it → profits skyrocketing." Currently, there are over 35 paying customers, and the ZK market is expected to grow over 300% annually. It is not like single-chain projects that rely only on their own transaction fees; instead, it is the “toll fee” for the entire ZK market, where whoever uses it pays, showcasing tremendous potential.
The mainnet for $PROVE just went live on August 5, and the first airdrop has ended, but you can run GPU nodes to earn rewards (docs.succinct.xyz), or participate in community activities on @SuccinctLabs's X (creating memes, discussions, with 25% of tokens potentially used for future airdrops), and you can also develop DApps using SP1 zkVM to earn ecosystem rewards.
Remember to join Discord: https://discord.com/invite/succinctlabs
